1. #1
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    Default Want to Open a new Bank Account! ICICI or HDFC?

    Hi

    I am 18 and i want to open a new bank account, i already have one in Corporation but i want some good ones like ICICI or HDFC.

    Both banks are located near my area, so want to know which one is better. Are their any good schemes or stuff like that?

    I have heard some money gets deducted from your bank account every year, is that true/?

    I might need a DEBIT CARD ( for fun) so which one provides free debit card and free transcations through them.

    So which one should i go for??

  2. #2
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    My father has HDFC account but I think ICICI has better service............
    Till now no problem with HDFC

  3. #3
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    Quote Originally Posted by gaggan4392 View Post
    My father has HDFC account but I think ICICI has better service............
    Till now no problem with HDFC
    do they provide free debit cards @ transcations? @ do they deduct some money from bank account as service charge every year?

  4. #4
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    @vorazeal

    While opening for an account with a bank you will get debit card free of cost.

    Almost every bank deduct some amount say Rs.200 annually as debit card charges or card maintenance charges.
    ___________________________________

    Cheers...!

  5. #5
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    LOL. Who says ICICI is a good bank?
    *** Never argue with an idiot. ***

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    Quote Originally Posted by just4kix View Post
    LOL. Who says ICICI is a good bank?
    I think so, but I do not have account there. I own a account in State Bank of India and Punjab National Bank

  7. #7
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    After dealing for over 12 years with ICICI, I cannot say much in favour. The in-bank experience has always been horrible. Their customer care does not care about you unless you are a high net-worth individual.

    However, ICICI Net Banking is one of the best.
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    Quote Originally Posted by just4kix View Post
    After dealing for over 12 years with ICICI, I cannot say much in favour. The in-bank experience has always been horrible. Their customer care does not care about you unless you are a high net-worth individual.

    However, ICICI Net Banking is one of the best.

    yea they have very good net banking. Its acceptable in each and everywhere. Hmm then should i go for HDFC???

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    Quote Originally Posted by vorazeal View Post
    yea they have very good net banking. Its acceptable in each and everywhere. Hmm then should i go for HDFC???
    After all, i think you should go for HDFC.

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    You can go with either. But remember that both will have no so good in-bank service.

    My comments were solely based on my exp with ICICI. I have no exp with HDFC bank.
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  11. #11
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    ICICI, Citi Bank(1 Lake deposit for open new account), HDFC(10k+ Deposite)

    or Canera Bank(Rs.500 Deposit)

    i have Axis Bank Account - good for Online Money Transfer, Support NEFT(NEFT Use for Online Money Transfer)

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    Quote Originally Posted by kunnusingh View Post
    ICICI, Citi Bank(1 Lake deposit for open new account), HDFC(10k+ Deposite)
    I don't think ICICI takes that much to open a new account, its same as HDFC. I think it's HSBC who asks for minimum of 1 lacs as balance in account.

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    Net banking is one of the best way but however I feel there is a need once in a while to visit the bank.

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    If I am not from India can I open a bank account with HDFC?

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    From google search:
    Minimum Balance in SB acct Rs 10,000/-
    ( Your parents or representatives can be mandated to operate the account.
    NRE Accounts | HDFC Bank - NRE Savings Account, NRE Bank Account, NRE Deposits, Non Resident External Account

  16. #16
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    //www.hdfcbank.com/nri/accounts/rupee_savings_account/nre_savings_account/nre_savings.htm

  17. #17
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    From google search; Minimum S/B balance rs 10,000/=

    http://tinyurl.com/yhrtkre
    [Open in new window]

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    damn, so we need to pay atleast 5k or more to just open a new account in HDFC????

  19. #19
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    I have had good in-bank experiences with the Axis bank. Citibank is good for net banking. However, they may too have minimum deposit of Rs. 10000 for S/B accounts. I don't know exactly as I've salary accounts in both the banks which are zero balance accounts.

    You may consider State Bank of India if minimum deposit is a concern. They probably require Rs. 1000 as minimum balance. Somebody correct me if I'm wrong.

    Another alternative is to add your name to one of the existing accounts of your parents which they may not be using regularly. My first joint account was in the SBI.

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    damn banks, i have bank account in Corporation and they need minimum of only Rs 100/- lol

  21. #21
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    Wink nationalised are best

    [QUOTE=vorazeal;275195]Hi, earlier i had account with both the banks, but found nationalised are the better or may opt for IDBI bankhdfc will send you statement on quaterly basis from the date of account opening not standard quaterly basis, which is very eractic to track the statement where as ICICI Bank is over burdened, crowded branches.Better to opt for Nationalised bank opened recently, you will get personalised services because not many people are opting for old guysbest of luckhappy banking*

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    If you unlikely to move around much, may I recommend the bank that is near to your home? Check the experience with the neighbours also.

  23. #23
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    Quote Originally Posted by just4kix View Post
    If you unlikely to move around much, may I recommend the bank that is near to your home? Check the experience with the neighbours also.
    1.
    Best advice to anybody.
    Check whether computerised services are
    available.
    2.
    All SB accounts/ Fixed deposits deposits upto 1 Lakh insured.
    3.
    From April 1st PAN card is must for all transactions( whether taxpayer or not )
    limit not known.
    4.
    ATM card issued by one bank, can be used for withdrawing ( subject to limit ) without charges. ffrom many other banks Check this facility.
    5.
    When you apply for a LOAN, all Banks are same !!!
    6.
    I found SBI and Canara Bank charging more for various services.
    Example : if you get a demand draft and due to various reasons want a refund after cancellation SBI deducts Rs 100/= as service charges.
    7.
    President of India as Major ShareHolder of
    "Nationlised Banks " has no control over the
    different service charges levied by different banks !
    8.
    I think PNB ( Punjab National bank ) allows free
    DD ( without commission) and transfer of funds, to Servicemen and ex servicemen.
    Check this out.

  24. #24
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    Quote Originally Posted by essbebe View Post
    ATM card issued by one bank, can be used for withdrawing ( subject to limit ) without charges. ffrom many other banks Check this facility
    Not ATM card, but Debit Card, carrying the Visa/Visa Electron/Mastercard/Maestro logo.
    Transaction limits for free access from other bank ATM,
    1. Rs.10000/withdrawal
    2. 5 withdrawals/mth
    Earth, Wind, Fire, Water, Consciousness.

  25. #25
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    google search:
    ATM card allowed. ( Mostly in ATM machines
    unless balance is available in account Payment is not made, except for account holder's who have OD facility)

    http://www.bankofrajasthan.com/bor/w...AQ-on-ATMs.pdf

    My Bank ( Indian Bank) allows other Banks ATM card. ( You may call this card a Debit card )

  26. #26
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    Smile Hi

    i am a banker by profession...as far as i see it...there is no good or bad bank...it depends on

    1. Location
    2. Staff

    Also whichever bank u may like to open an account please check the conditions for opening a/c's since though the basic rules as per RBI guidelines are same for all...some banks also have promotional a/c's.

    Also go with a nationalised bank preferably...these banks are on par with pvt/foreign banks w.r.t facilities.

  27. #27
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    Some Rules have been changed to deduct service charges EVERY MONTH, if minimum monthly balance is not maintained in your S/B account.
    When you close your account also service charges to be paid.
    No idea about Private banks.

    PSU banks also make money now in the name of Service charges.
    Earlier signature was attested FREE,. now you have to pay Rs 20/=
    for each attestation !

  28. #28
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    You can open account in HDFC. Because in HDFC the schemes are best. & the intrest is also good. Your amount will not get deducated.You have misunderstanding about this topic

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